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US$ strength building?

The US$ traded higher last session and is edging closer to the apex of the daily chart triangle begging the question about whether the breakout might be to the upside. There seems to be some flight to safety movement into the US$ with a risk-off shift as increasing Covid infections across Europe and the US and concern about US stimulus dampen risk appetite.

 

Data: Watch today with US Retail Sales.

 

Earnings:

 

CSI daily: watch for any new trend line breakout:

 

DXY daily: higher on the day so watch for any momentum-based trend line breakout:

 

Trend line breakouts:

EUR/USD

EUR/USD 4hr: a new TL b/o for 40 pips:

 

EUR/USD 15 min: waiting for a range b/o would have been best here:

 

AUD/USD 4hr: a new TL b/o for 90 pips BUT watch 0.71 for any new make or break:

 

AUD/JPY 4hr: a new TL b/o for 120 pips BUT watch 75 for any new make or break:

 

NZD/USD 4hr: a new TL b/o for 60 pips BUT watch 0.66 for any new make or break:

 

Other markets:

S&P500 4hr: watch for any momentum-based trend line breakout:

 

ASX-200 4hr: watch for any momentum-based trend line breakout:

 

Gold 4hr: watch for any momentum-based trend line breakout:

 

GBP/USD 4hr: watch for any momentum-based trend line breakout:

 

GBP/JPY 4hr: watch 136 and for any momentum-based trend line breakout:

 

USD/CAD daily: watch for any momentum-based trend line breakout: